Based Airdrop Guide: XP, PUP & Multi-Account Strategy on Hyperliquid

1. What is Based and why position early?

1.1 Project positioning: the “trading super app” on Hyperliquid

Based is a mobile-first, self-custodial trading super app built on Hyperliquid. It aims to give you a CEX-like UX while keeping your funds non-custodial and tightly integrated with the Hyperliquid ecosystem. (Based)

Key characteristics:

• Perps & spot trading on top of Hyperliquid liquidity, with one-tap position management, TP/SL automation and advanced order types like scale, scalp and TWAP.
• Omni-platform experience: web terminal, desktop client, full mobile apps and a Telegram bot, so you can manage positions from almost anywhere.
• Self-custodial wallet: you log in with email/Google (via Privy), but keys remain non-custodial — “your keys, your crypto” is a core value prop.
• On-chain payments & card: trade on Hyperliquid and spend via the Based Visa card, with deposits from Hyperliquid, Solana and Arbitrum.
• Affiliate engine: a three-tier referral system that can return up to 76% of referral fees to affiliates, making Based a major traffic router into Hyperliquid.

Analyses of the Hyperliquid ecosystem show that Based is currently one of the highest-grossing “Builder” apps, driving ~7% of Hyperliquid perpetual volume and millions of dollars in protocol revenue — a strong sign the app has real product-market fit, not just a points farm.

1.2 Why Based has strong XP & airdrop potential

Based runs a dual-token + XP system: (ChainCatcher)

• XP – the core points system that tracks your cumulative engagement (perps, spot volume, card spending, etc.).
• $PUP – a utility token that boosts XP earning speed (typically 25–60% extra XP for holders, depending on configuration).
• $BASED – the main governance token, designed to be distributed largely based on users’ XP history, with a total supply around 1 billion and a large community allocation.

According to public tokenomics breakdowns: (ChainCatcher)

• A major share of $BASED is reserved for XP-based community distribution.
• An initial snapshot for $BASED distribution was set around 20 September 2025, with XP formulas such as: each $1 nominal perps volume ≈ 0.06 XP each $1 spot volume ≈ 0.30 XP (5× incentive) each $1 spent via the Based Visa card earns extra points convertible to XP at TGE.

While that first snapshot is in the past, the XP + PUP + $BASED design clearly targets long-term user behaviour, leaving room for future seasons, campaigns or retroactive rewards tied to ongoing activity. Exact rules can change, so always follow Based’s official channels.

For airdrop farmers, Based fits the sweet spot of:

• real volume and revenue,
• clear on-chain and off-chain engagement metrics (XP),
• and a governance token designed to reward active users over time.

2. Based XP & airdrop participation path: from 0 to XP farming

Because one early XP snapshot already happened, you should think less in terms of “one single airdrop” and more as building a strong, long-dated Based + Hyperliquid track record that can qualify you for future initiatives.

Step 1: Enter via the official app

1. Go to app.based.one (or click Launch App on based.one).
2. Double-check the URL and only use links from official docs, Discord or trusted research portals to avoid phishing.

Step 2: Create your self-custodial account

1. Sign up using email or Google via Privy.
2. Complete any required security steps
3. Safely store your recovery details — losing access to your Privy login or recovery means losing control of the wallet. (Based)

Step 3: Deposit funds (Hyperliquid, Arbitrum, Solana → Based)

Inside the app you can:

• Deposit from Hyperliquid directly.
• Bridge or deposit assets from Solana and Arbitrum.
• Typically you’ll start with USDC/USDT or other stablecoins for perps and spot.

For XP farming strategies, many users keep a modest but active trading stack, rather than over-leveraging a single massive position.

Step 4: Trade perps & spot like a real user

XP is mainly earned through actual trading and usage:

• Open and close perpetual positions on Hyperliquid via Based.
• Use spot trading to rebalance between stablecoins, majors and other assets.
• Explore advanced orders (scale, scalp, TWAP, trailing SL) to deepen your usage profile.

Important mindset for XP:

• Spread volume over weeks and months, not one day of wash-trading.
• Vary trade sizes, pairs and timing so your footprint looks like a human trader, not a script.
• Size leverage conservatively — a blown-up account farms zero future airdrops.

Step 5: Use the Based Visa card & payments (optional booster)

If supported in your region, you can:

• Apply for a Based Visa card,
• Top it up from your Based wallet,
• Spend in daily life and earn points that are convertible to XP according to the current rules.

This connects on-chain volume + off-chain spending, a behaviour pattern likely valued by future reward frameworks.

Step 6: Leverage $PUP to enhance XP earning

Public docs and research note that:

• $PUP is a utility token with a fixed supply (100M), partially airdropped to early Based + Hyperliquid users.
• Holding/using PUP can grant 25–60% XP multipliers on your activity.

Practical takeaways:

• Don’t FOMO into PUP with money you can’t afford to lose — it’s a volatile token.
• If you already hold PUP, think of it as XP leverage: align higher XP periods (campaigns, seasons) with holding multipliers.

Step 7: Join the affiliate program for volume & XP flywheel

Based’s affiliate engine lets you:

• Earn up to 76% of referral fees on volume driven through your links.
• Share custom referral codes and track downline performance.
• Potentially channel additional volume into your XP-earning “cluster” of accounts (while respecting all ToS and anti-abuse policies).

For content creators and community leaders, affiliate + XP + potential future airdrops can stack into an attractive long-term incentive package.

3. Why Based is attractive for multi-account players

From a Sybil-aware (not Sybil-aggressive) perspective, Based has several traits that naturally fit a multi-account matrix, as long as you stay within rules and don’t try to game the system maliciously:

1. Standardised, repeatable actions Trading, card usage and app engagement can be broken into modular routines. Each wallet/account can follow a similar pattern with slight variations in size, frequency and assets.
2. Each account = an independent “XP identity” XP and future $BASED allocation are address/account based, not per person. (ChainCatcher) That means multiple accounts can build independent histories — but anti-Sybil algorithms will look for overlap.
3. Behaviour-driven anti-Sybil design Research on Hyperliquid and Based emphasises strict Sybil screening, including behaviour clustering and timing analysis. (ChainCatcher) This punishes low-effort “copy-paste farming”, but rewards accounts that look like distinct, long-term users.

So for serious multi-account farmers, the game is not to “spam 100 wallets doing the same click path”, but to run a small to moderate set of high-quality, de-correlated accounts — and that’s exactly where MasLogin comes in.

4. How to use MasLogin to amplify Based airdrop rewards (practical setup)

Disclaimer: The following focuses on technical environment management and efficiency. You are responsible for respecting Based/Hyperliquid’s Terms of Service and your local regulations.

4.1 Create isolated fingerprint environments for each Based account

With MasLogin fingerprint browser, you can:

• Generate a separate browser profile for each Based account.
• Customise UA, OS, screen resolution, timezone, canvas/WebGL fingerprints per profile.
• Keep cookies, local storage and extensions fully isolated.

For Based, this means:

• Each account logs in from what appears to be a different device.
• You avoid the trivial pattern of “20 wallets all sharing one Chrome fingerprint”, which is a red flag in Sybil detection.

4.2 Bind a unique proxy IP to each profile

Within MasLogin you can:

• Attach residential / mobile / datacenter proxies per profile, depending on your strategy.
• Distribute profiles across different IP ranges, ASNs and geographies.

Benefits for Based farming:

• No more “ten Based accounts from the same IP hammering the same pair at the same time”.
• Your account cluster looks closer to globally distributed real users, not a farm in one VPS.

4.3 Use RPA/automation for low-frequency but consistent activity

MasLogin’s RPA and automation tools let you script:

• Daily or weekly small-ticket perps/spot trades on Based.
• Periodic card top-ups or spends (where supported).
• Occasional checking of XP dashboards and claim actions.

Best practices:

• Focus on low-frequency, long-duration behaviour (e.g. weekly routines), not hyper-aggressive botting.
• Randomise delays, pairs and trade sizes between accounts.
• Keep human oversight — automation should assist you, not replace judgment.

4.4 Security baseline: MasLogin never holds your keys

MasLogin operates only at the browser and network layer:

• It does not store or manage your wallet seed phrases or private keys.
• Based’s self-custodial wallet (via Privy) remains the component managing keys. (Based)
• As long as you keep your email/Google accounts and local machines secure, MasLogin does not become an additional custody risk.

5. Key risks when farming Based XP and airdrops

5.1 Trading and leverage risk

• Hyperliquid perps can go up to high leverage; liquidation wipes your margin.
• XP or potential airdrops do not compensate for catastrophic trading losses.
• Treat XP farming capital as “experiment” money and always manage downside.

5.2 Program design risk: snapshots and rules can change

• A major $BASED snapshot tied to XP already occurred in September 2025.
• Future seasons, reward rates, and eligibility rules are not guaranteed and can be updated at the team’s discretion.
• Never assume “X volume = Y tokens in the future” — that’s speculation, not a contract.

5.3 Sybil and multi-account “friendly fire”

• Even if you don’t intend to abuse, overlapping behaviour across many accounts may look Sybil-like.
• MasLogin can help you avoid obvious technical fingerprints, but it cannot override anti-Sybil policies.
• Sensible approach: fewer, higher-quality accounts with distinct patterns instead of blind mass farming.

5.4 Regulatory and card-related constraints

• Derivatives and crypto cards are heavily regulated; availability varies by jurisdiction.
• Based and card issuers may geo-block or restrict users from certain countries.
• Large card volume may trigger compliance checks — don’t treat the card as a “free farm”.

5.5 Security & phishing

• Always verify you are on based.one or app.based.one.
• Beware of look-alike domains and fake “airdrop claim” pages.
• Never share your email/Google passwords or codes with third parties.

6. Based Airdrop & XP FAQ (for MasLogin users)

Q1: Is there still a “Based airdrop” to farm?

The initial $BASED governance token distribution is anchored to an XP snapshot that took place in September 2025, so that specific event is done. However, Based’s tokenomics reserve a large community allocation and the XP system continues, leaving room for future seasons, bonus campaigns or retro rewards. Any new airdrop or program will be confirmed only via official announcements.

Q2: How exactly is XP used for rewards?

XP is the core scoring layer for Based: it aggregates your perps and spot volume and, in some cases, card spending and other actions. For the first big distribution, XP determined how much $BASED an address could claim. Future use-cases may include follow-up incentives, fee discounts or other reward structures, but details are not guaranteed in advance.

Q3: Does running multiple accounts with MasLogin guarantee more airdrops?

No. MasLogin only helps you manage separate, isolated environments (fingerprints, IPs, cookies). Based and Hyperliquid still apply their own anti-Sybil rules and can exclude wallets they deem abusive. Multi-account setups should:

• Respect all terms of service,
• Use realistic behaviour and different patterns per account,
• Accept the possibility that some addresses may be filtered out.

Q4: Do I need KYC to use Based?

Based is a self-custodial front-end to Hyperliquid, and most users can trade with email/Google login without full CEX-style KYC. That said, card products and some jurisdictions may require additional checks, and regulations can change over time. Always review the latest terms and legal notices in the app.

Q5: Does MasLogin have access to my Based wallet or $BASED tokens?

No. MasLogin:

• Does not store or manage your private keys or seed phrases.
• Only controls the browser environment and proxy settings used to access Based.
• Cannot move funds from your wallet; only your Based/Privy credentials can.

As long as your email/Google accounts and devices are secure, MasLogin by itself is not a custody risk.

7. Summary: Based × MasLogin as a long-term Hyperliquid strategy

Based has emerged as a core trading super app in the Hyperliquid ecosystem, combining:

• high-volume perps and spot trading,
• self-custodial wallets and multi-platform access,
• a powerful affiliate engine,
• and an XP + PUP + $BASED token design that deeply aligns rewards with user activity.

For MasLogin users, Based is also an ideal proving ground for multi-account, multi-chain, multi-scenario operations:

• Fingerprint isolation and per-account proxies let you run several Based profiles with reduced linkage risk.
• RPA and automation assist you in building long, consistent XP histories without living inside the app 24/7.
• When treated responsibly, XP and potential future airdrops become bonus yield on top of a serious, infrastructure-level trading setup — not the only reason you’re using the platform.

If you’re building a MasLogin airdrop hub or multi-account strategy blog, Based deserves a permanent seat next to Hyperliquid itself as one of the main “core holdings” in your on-chain activity portfolio.